FEMA Sending Notifications on Flood Insurance Changes

Posted on: January 13th, 2017 by Brent Gotsch

In 2014, the Home­owner Flood Insur­ance Afford­abil­ity Act (HFIAA) was signed into law. Part of the leg­is­la­tion requires that FEMA com­mu­ni­cate flood risk deter­mi­na­tions to indi­vid­ual prop­erty own­ers. FEMA is cur­rently review­ing every flood insur­ance pol­icy and will be writ­ing to all National Flood Insur­ance Pro­gram (NFIP) pol­icy hold­ers to explain the cur­rent risk level for their prop­erty. Start­ing this month (Jan­u­ary 2017) pol­icy hold­ers will begin receiv­ing let­ters from FEMA approx­i­mately two months prior to their pol­icy renewals. FEMA will mail a let­ter at each sub­se­quent renewal.

The NFIP has iden­ti­fied seven cat­e­gories of pol­i­cy­hold­ers to receive unique infor­ma­tion based on their risk and cur­rent pre­mium rates. To read more about what each cat­e­gory means and if it applies to you please visit this FEMA Web­site. If you have ques­tions about Flood Insur­ance Rate Maps (FIRMs) or how flood insur­ance is rated select staff at the AWSMP can help answer your ques­tions or direct you to other resources. Please call 845–688-3047 ext.3 for assis­tance. If you have ques­tions about your spe­cific flood insur­ance pol­icy then you should con­tact your insur­ance agent directly.

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